Brilliantalliance.biz Review Is Brilliant Alliance Scam or Should I Invest

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Brilliantalliance.biz Review: Is Brilliant Alliance Scam or Should I Invest?

Brilliant Alliance Review: Scam or Paying? brilliantalliance.biz claims it could make you huge profits in investments . How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Brilliant Alliance Review: Disturbing Things Found

Most of this quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

OUR VERDICT- SCAM !

A lot of people would try to tell you otherwise but the truth remains that the people behind this platform are not using your money to trade. Rather they run a margin system otherwise known as a ponzi scheme. The ROI is unrealistic, and the affiliate program commission is an indication that they are eager for your money. Though this website looks authentic, don’t be deceived by their whitewashed lies. They might pay initial investors, but like other HYIP’s, one day they will abscond with your money when there are not enough deposits.

brilliantalliance.biz is not a legit platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Brilliantalliance.biz Legit?

Check if Brilliantalliance.biz is legit or scam

The website has an unsatisfactory trust rating.

Report was last updated 12 months ago | Update Now

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Here is why we made this classification:

Check Brilliantalliance.biz trust rating on WOT database:

Unsatisfactory: 50 / 100

WOT is a browser add-on used by millions of users to rate websites and online shops.

If the site has a bad WOT trust rating it means someone had a bad experience.

If your website has a bad rating, ask WOT to review your site.

Brilliantalliance.biz blacklisted? Check the blacklist report below.

We scan the website with multiple domain blacklists to better find out if it is malicious.

A blacklisted website may be implicated in malware or spam activities.

OK

OK

OK

OK

OK

OK

OK

OK

Engine Result Details
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Check when Brilliantalliance.biz domain was created:

The domain name was created 1 year ago.

A shopping website created less than 4 months ago is too new and potentially suspicious.

If a domain name is too “young” we may have not enough details to judge it.

I would not buy goods from an online shop created a few months ago.

Check if Brilliantalliance.biz uses HTTPS:

The website uses a valid HTTPS (SSL) connection.

An online business that handle payments and sensitive user information must use HTTPS.

The HTTPS connection assures that all the traffic between you and the website is encrypted.

Personal websites (such as blogs, portfolios, etc) do not need HTTPS connection.

I would not buy goods from an online shop that has no HTTPS connection.

Check how much Brilliantalliance.biz is popular:

The website may not have too much traffic.

The website is ranked #2,589,687 among millions of other websites according to Alexa traffic rank.

Alexa is the most popular service used to rank websites based on their traffic and pageviews.

If the rank is less than 500K the site has a lot of traffic, less than 5M it has some traffic, more than 15M not much.

If the rank is 0 it means the website has no traffic according to Alexa data.

Here is what you should check:

    Check the website reviews on TrustPilotValidate if the website is a certified site by McAfee SECUREQuery the WHOIS database to find the domain ownerSearch for website discussions on Reddit Check if the website has a valid telephone and email address Before buying something contact the website via email I would avoid shopping sites that use free emails (i.e hotmail) A pair of RayBan cannot cost $15 you know right? Make sure the shopping website uses HTTPS connection Check if the website has a Facebook or social profile

Write useful comments including proofs and detailed information.

We may delete comments that doesn’t include proofs.

Prudential Insurance and Alliance Accounts

An Alliance Account Is Not a True Checking Account

The U.S. Department of Veteran Affairs (VA) sells life insurance to active and former members of the U.S. military. The policies are administered by the Prudential Life Insurance Company of America. When policy beneficiaries apply for benefits, they can choose how the funds will be distributed. One option is for the insurer to deposit the money into an Alliance Account. Before they select this option, beneficiaries should understand what an Alliance Account is and how it works.

Retained Asset Accounts

Prudential’s Alliance Account is a retained asset account, a type of checking account created by an insurer for the purpose of paying benefits. The insurer establishes an account in the name of a beneficiary and then deposits the proceeds of a life insurance policy. The beneficiary can withdraw all or a portion of the funds at any time by writing a check. The insurer pays interest on the funds that remain in the account.

Life insurers developed the retained asset account in the mid-1980s as an alternative to a lump-sum payment made via a bank check. This type of account can be useful when a survivor is too distraught at the death of a family member to make financial decisions. The beneficiary can leave the funds in the account and decide what to do with them later.

Insurers make money by investing the funds held in retained asset accounts. The rates they earn on their investments are considerably higher than the rates they pay to holders of the accounts.

Disadvantages

For beneficiaries, retained assets accounts have some disadvantages.

  • Low Interest Rate. The interest rate paid on a retained asset account is very low. Beneficiaries may earn a better return by transferring the money into a certificate of deposit, money market fund or other financial investment.
  • Not FDIC-Insured. Funds held by an insurance company are not insured by the FDIC. However, most states have a guaranty fund that will protect an account holder if the insurer becomes insolvent or is otherwise unable to pay benefits.
  • Not a True Checking Account. A retained asset account is a depository for life insurance proceeds only. It is not a true checking account. The account holder cannot deposit funds, say from a paycheck, into the account. Moreover, the “checks” may be drafts, which merchants may not accept in exchange for purchases.
  • Delayed Access. To utilize funds from the account, the survivor must obtain checks from the insurer, write a check on the account, and then wait to receive a draft.

U.S. Military Life Policies

Since 1965, Prudential Insurance has administered life insurance policies sold by the VA to current and former members of the military. The VA offers two programs. The Servicemembers Group Life Insurance (SGLI) program covers active members of the U.S. military. The Veterans Group Life Insurance (VGLI) program covers U.S. military veterans.

Prudential has been criticized for the way it has handled death benefits under the military life insurance programs. In 1999, Prudential and the VA made a verbal agreement allowing the insurer to distribute lump-sum payments into Alliance Accounts. This agreement contradicted a written contract between the insurer and the VA, which stipulated that any beneficiary under the SGLI or VGLI who requested a lump-sum payment would be paid via a single check. Beneficiaries expected to receive a check for a lump-sum payment. Instead, they received a checkbook and information about their Alliance Account.

Prudential’s use of Alliance Accounts to pay death benefits under SGLI and VGLI policies came to light in 2020, and a media firestorm erupted. Prudential and the VA were accused of engaging in deceptive practices and taking advantage of service members’ survivors. They were also denounced for putting benefits at risk by placing them in accounts not insured by the FDIC.

Current Benefits Policies

In late 2020, the VA and Prudential changed the way benefits are paid. Beneficiaries now have four options to choose from when applying for benefits. They can receive payment by any of the following:

  • An Alliance Account
  • Check for a lump sum payment
  • Electronic transfer into a bank account
  • Installment payments over 36 months

If the beneficiary does not make a choice, Prudential will deposit the funds into an Alliance Account.

Lawsuits

In 2020, beneficiaries of the SGLI and VGLI life policies filed a class-action lawsuit against Prudential. The plaintiffs alleged that the insurer had violated both federal law and the SGLI and VGLI contracts, and breached its fiduciary duty to beneficiaries by failing to pay benefits in lump sums. Prudential denied the allegations but settled the suit for $39.2 million. In 2020, another class-action lawsuit against Prudential was settled for $9 million. The case involved life insurance policies issued to employees of two private companies, Con-Way Incorporated and J.P. Morgan Bank. The court determined that the insurer had breached its fiduciary duty to the plaintiffs when it paid benefits into Alliance Accounts rather than as a lump sum as required by the benefit plans.

Other life insurers have been sued over their use of retained asset accounts. The results have been mixed. Insurers have won some cases and lost others. Meanwhile, many life insurers are still using retained asset accounts to distribute benefits. Beneficiaries of life insurance policies can avoid these accounts by choosing an alternate method of payment.

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